Interesting article on NM future planning to enter into bankruptcy. Excerpt below:
http://nypost.com/2017/05/04/saks-fifth-ave-neiman-marcus-merger-talk-hits-a-roadblock/
"But talks between the two have stalled as Neiman’s term loan lenders and bondholders are weighing a suit over Neiman’s decision in March to move its stores in San Antonio and Longview, Texas, and in McLean, Va., into a subsidiary that protects them from creditors in the event of a bankruptcy, sources said."